Amgen may rise to 334.00 - 340.00

Our pivot point stands at 303.

Our preference

The upside prevails as long as 303 is support.

Alternative scenario

The downside breakout of 303 would call for 294 and 288.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 307.3045 and 299.8002).

Supports and resistances

345 **

340 *

334 **

328

312.45 (USD-last)

307

303 **

294 *

288 **

Number of asterisks represents the strength of support and resistance levels.